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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (43173)	10/17/1999 3:09:00 PM
From: Hawkmoon	Respond to of 116764

And how long to you believe a $26/barrel oil price can be sustained?? The cost of alternative sources of energy are drastically being reduced (gas-to-liquids is averaged at $16-20/barrel is one striking example), as well as the inducements to commence exploration and exploitation of known reserves being increased. Add on to this the incentive for current oil producers to "cheat" and produce more than their voluntary quotas allow and it is difficult to believe that oil will remain at these prices for long. Especially if the global economy is forced to slow down due to extra energy costs. And the CBs will only lose control when they totally dump their gold reserves. Just as quickly as they agreed to limit their gold sales, CBs could easily renege on that promise and resume plans to sell larger quantities of gold. $350/oz, with short-term spikes to $400/oz are possible. But I hardly believe they will sit back and let gold spike in an out of contol manner, any more than I expect them to let the US market or economy collapse. But you can believe what you wish. No need to respond. Regards, Ron